Question: Provo Products Inc, has a $ 1 5 , 0 0 0 unfavorable flexible budget variance for july. If july's actual net income was $

Provo Products Inc, has a $15,000 unfavorable flexible budget variance for july. If july's actual net income was $300,000, which of the following statements is TRUE? Provo's flexible budget must have showed net income of $56,000 Provo's static budget must have showed net income of $80,000 Provo's static budget must have showed net income of $285,000 Provo's static budget must have showed net income of $315,000.

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